Dividend Information

PrairieSky Royalty currently pays a monthly dividend equal to $0.78 per common share on an annualized basis. The amount of cash to be distributed will be determined at the discretion of the
Board.

The declaration and payment is approved by the Board of Directors after consideration of numerous factors including:

(i) the earnings of the Company;

(ii) financial requirements for the Company’s operations;

(iii) the satisfaction by the company of liquidity and insolvency tests described in the ABCA, and;

(iv) any agreements relating to the Company’s indebtedness that restrict the declaration and payment of dividends.

The Company intends to pay dividends monthly to shareholders of record as of the close of business on the last business day of each calendar month, which dividends are expected to be paid to
shareholders on or about the 15th day (or next business day) of each month.

The dividends that are expected to be paid on the common shares will be designated as “eligible dividends” for Canadian income tax purposes, unless otherwise notified.